Pantheon Resources Plc (LON:PANR - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 42.16 ($0.56) and traded as high as GBX 42.60 ($0.57). Pantheon Resources shares last traded at GBX 41 ($0.55), with a volume of 3,696,587 shares.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 86 ($1.14) price target on shares of Pantheon Resources in a report on Monday, March 24th.
Get Our Latest Stock Report on PANR
Pantheon Resources Price Performance
The company has a debt-to-equity ratio of 7.35, a quick ratio of 20.28 and a current ratio of 0.79. The stock has a market capitalization of £579.91 million, a price-to-earnings ratio of -37.88 and a beta of -0.36. The company has a 50-day moving average of GBX 49.81 and a 200-day moving average of GBX 42.30.
Insider Buying and Selling at Pantheon Resources
In other Pantheon Resources news, insider Linda Havard purchased 21,000 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was bought at an average cost of GBX 70 ($0.93) per share, for a total transaction of £14,700 ($19,563.48). 10.15% of the stock is currently owned by insiders.
About Pantheon Resources
(
Get Free Report)
Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing the Ahpun and Kodiak fields located on state land on the Alaska North Slope ("ANS"), onshore USA where, following issue of the new leases, it will have a 100% working interest in c. 259,000 acres. Certified contingent resources attributable to these projects exceeds 1 billion barrels of marketable liquids, located adjacent to Alaska's Trans Alaska Pipeline System ("TAPS").
Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028.
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